tattoogunman said:
cwerdna said:
Re: Tesla's losses, indeed. I finally finished my spreadsheet computing their cumulative profits and losses, which I can now easily keep updating.
Since they've publicly reported P&Ls, they've accumulated ~$2.9 billion in net losses, including the most recent quarter, where they lost $330 million, attributable to common shareholders. If you go by some of the other figures on page 6 of http://files.shareholder.com/downloads/ABEA-4CW8X0/4408350461x0x940721/8E9FC98F-343C-4D2E-8516-491DEFB9B69B/TSLA_Q1_2017_Update_Letter.pdf, one could argue it was $397 million in loss.
And this is why Tesla isn't even on my possibility list when it comes to EV cars. I am not convinced they are going to be around long term as a company with the way they are going. ...
I really wish you would consider it a possibility. I think every LEAF owner should.
Four years ago, I bought the best car I've ever owned, put 50k miles on it with multiple winter ski-trips, cross-country trips and everywhere else I used to drive my oil-burning SUV.
In 2011, I took a chance with Nissan and bought a LEAF.
In 2013, I took a chance with Tesla and bought a Model S. A car that is better today than when I first drove it home. A car built in my state, providing thousands of good jobs.
Still have both cars but Nissan won't get any more of my $. And their stock price ain't so great either.
Model 3 reserved. Model X queued up for 2018. Both can be paid for with TSLA stock I began buying in earnest when they could only make 100 cars / month and the Wall Street wisdom was they'd be bankrupt in 6 months.
I'm truly bummed the market disagrees with the doomsayers since I'd like another drop below $250 to buy a bit more before the Model 3 launch. Of course with this company we may indeed see a 10-15% drop for all kinds of reasons but the "losing $ on every car they sell" trope is just tired.
I think Tesla is fairly cash efficient. They invest in stuff that matters towards advancing their vision; e.g., Supercharging, Gigafactory and early rollout of Model 3.
Making a profit is not on their near-term horizon. Yes, they tend to keep pushing the envelope. God-speed.